Market Evolution: Artificial Intelligence in Supply Chains

Global Artificial Intelligence in Supply Chain Management Market was valued at US $ 5.2 Billion in 2023 and is expected to reach US $ 230.6 Billion by 2032 growing at a CAGR of 52.4% during the forecast period 2024 – 2032 In the realm of logistics, AI is proving to be a game-changer. Route optimization, a critical component of logistics efficiency, benefits immensely from AI algorithms. These algorithms take into account various factors such as traffic conditions, weather, and order priorities to dynamically adjust delivery routes. This results in cost savings, reduced delivery times, and improved resource utilization.

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